Getty Resources has signed an option agreement with Esso Minerals giving Getty the right to earn a 51% interest in Esso’s property north of Timmins, Ont. Located in Tisdale Twp., the claims are immediately east of and adjacent to ground held by Getty and Davidson Tisdale Mines.
Getty must spend $400,000 on the property over a four-year period in order to earn its interest. Previous work on the Esso claims included shaft sinking to a depth of 147 ft in 1911. Surface work by Esso on altered zones of quartz veining returned assays ranging up to 0.86 oz gold per ton from trench samples. Getty plans to begin exploration work in May which will include diamond drilling.
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